PlayIconNav
BTC
$67,835.87+1.32%
ETH
$3,253.71+0.09%
BNB
$584.41+1.04%
SOL
$183.35+3.55%
XRP
$0.59931056-0.92%
DOGE
$0.13465152+4.18%
CD20
$2,289.15+1.63%
TON
$6.67-0.68%
ADA
$0.41482424+1.73%
TRX
$0.13742831+0.56%
AVAX
$28.63+2.73%
WBTC
$67,945.41+1.44%
Ad
Finance

Michael Saylor's MicroStrategy Purchased an Additional 3K BTC, Now Holds $10B Worth

The company now has about a $3.8 billion in unrealized profit on its bitcoin stash.

By Oliver Knight
AccessTimeIconFeb 26, 2024 at 1:37 p.m. UTC
Updated Mar 9, 2024 at 2:15 a.m. UTC
MicroStrategy Executive Chairman Michael Saylor (Getty Images)
MicroStrategy Executive Chairman Michael Saylor (Getty Images)

The largest corporate owner of bitcoin (BTC), MicroStrategy (MSTR) has purchased an additional 3,000 tokens for $155 million, bringing the company's total holdings up to 193,000 coins.

These new buys were made between Feb. 15 and Feb. 25 and the tokens were acquired at an average price of $51,813 each, according to an SEC filing. The company now holds 193,000 bitcoin purchased for $6.09 billion, or an average price of $31,544 each, tweeted Executive Chairman Michael Saylor.

VolumeMuteUnmute

RFK Jr. Says He's 'Fully Committed' to Bitcoin; Jersey City to Invest in Bitcoin ETFs

  • What Do EigenLayer's Outflows of $2.3B Signal?
    00:57
    What Do EigenLayer's Outflows of $2.3B Signal?
  • What Do TradFi Crypto Moves Mean for Decentralization?
    04:20
    What Do TradFi Crypto Moves Mean for Decentralization?
  • Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
    02:02
    Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
  • Ether Slides as Grayscale's ETHE Outflows Ramp Up
    00:53
    Ether Slides as Grayscale's ETHE Outflows Ramp Up

    • With bitcoin currently trading at $51,366, MicroStrategy's unrealized profit stands at $3.8 billion.

    MSTR shares are currently up 1.1% in pre-market trading to $695.

    Edited by Stephen Alpher.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Oliver Knight
    Oliver Knight

    Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

    Follow @OKnightCrypto on Twitter